From the Desk of Ian Culley @IanCulley
“Rates, the US dollar, crude oil, and the S&P 500… repeat!”
These charts swirl atop every investor’s mind as markets await the upcoming rate hike decision.
Meanwhile, it’s messy!
The S&P 500 challenges the upper bounds of a multi-month range. The US dollar and interest rates chop sideways. And crude oil remains resilient despite increased selling pressure.
But not all markets are trapped in a trading range right now. In fact, there’s one forex cross breaking down, suggesting lower yields and cheaper crude oil…
It’s the nokkie-stocky, the Norwegian krone and the Swedish krone!